Wheaton Precious Metals Corp reports results for the quarter ended June 30 - Earnings Summary

• Wheaton Precious Metals Corp WPM.TO reported quarterly adjusted earnings of 63 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 33 cents. The mean expectation of ten analysts for the quarter was for earnings of 55 cents per share. Wall Street expected results to range from 43 cents to 61 cents per share.

• Revenue rose 68.2% to $503.17 million from a year ago; analysts expected $435.20 million.

• Wheaton Precious Metals Corp's reported EPS for the quarter was 64 cents​.

• The company reported quarterly net income of $292.27 million.

• Wheaton Precious Metals Corp shares had risen by 12.0% this quarter and gained 69.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 10.6% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the gold peer group is also "buy"

• Wall Street's median 12-month price target for Wheaton Precious Metals Corp is C$145.00, about 5.4% above its last closing price of C$137.19

This summary was machine generated from LSEG data August 8 at 07:25 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)